July 7, 2004—BluePoint Energy, Inc. was awarded a $1.2 million contract in connection with a $2 million project from the California Energy Commission. The contract award, issued in connection with The Energy Commission’s Public Interest Energy Research Program (PIER), is entitled PIER Program, Environmentally Preferred Advanced Generation. The award is based upon BluePoint’s proposal submitted by DE Solutions on behalf of BluePoint Energy, Inc., YORK International Corporation, Integrated CHP Systems Corp., and its gas utility partner.
The product to be developed with The Energy Commission’s PIER funding support will be a YORK International absorption-based heating and cooling package that will be optimally interfaced with BluePoint Energy’s 260kW ultra-low emission Lean-One CHP Module to create a state-of-the-art integrated cooling and heating module (ICHM).
Benefits over the next 10 years should include: (i) $700 million in CHP capital cost savings to commercial/industrial adopters; (ii) $210 million annual electricity savings to commercial/industrial adopters; (iii) 22 Bcf (billion cubic feet) annual natural gas savings; (iv) 1.6 million tons annual CO2 reduction: (v) $900 million in deferred central station plant and transmission costs; (vi) strengthening of California’s economy and energy security; and (vii) customer choice. The total market size in California alone over the next ten years is projected to be in excess of 4,000 megawatts.”
